Maryland boasts a dynamic and rapidly expanding cannabis market, presenting substantial opportunities for entrepreneurs and investors. The state established its medical cannabis program in 2014, which became fully operational in 2017. More recently, Maryland voters approved adult-use (recreational) cannabis in November 2022, with sales officially commencing on July 1, 2023. This dual-market approach has fueled impressive growth, with total cannabis sales exceeding $1.1 billion in the first year of adult-use, between July 2023 and July 2024. The market continues to show maturity, with monthly sales consistently ranging between $95 million and $103 million since mid-2024.
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Maryland boasts a dynamic and rapidly expanding cannabis market, presenting substantial opportunities for entrepreneurs and investors. The state established its medical cannabis program in 2014, which became fully operational in 2017. More recently, Maryland voters approved adult-use (recreational) cannabis in November 2022, with sales officially commencing on July 1, 2023. This dual-market approach has fueled impressive growth, with total cannabis sales exceeding $1.1 billion in the first year of adult-use, between July 2023 and July 2024. The market continues to show maturity, with monthly sales consistently ranging between $95 million and $103 million since mid-2024.
Listings will be reordered within each tier (Gold, Silver, Bronze)
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